3012 Manhattan Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 4 bed, 2 bath

3012 Manhattan Avenue, Manhattan Beach, California 90266 home-pic-0
ACTIVE$3,550,000
3012 Manhattan Avenue, Manhattan Beach, California 90266
4Beds
2Baths
2,105Sqft
1,753Lot
Year Built
1938
Close
-
List price
$3.55M
Original List price
$3.55M
Price/Sqft
$1,686
HOA
-
Days on market
-
Sold On
-
MLS number
SB25218587
Home ConditionPoor
Features
Excellent View: Ocean
Patio
ViewOcean

About this home

We found 3 Cons,5 Pros. Rank: price - $3.55M(73th), sqft - 2105(73th), beds - 4(64th), baths - 2(55th).

Just steps from the sand in North Manhattan Beach, 3012 Manhattan Avenue is a rare duplex offering with extraordinary upside. Currently improved with two upgraded 2-bedroom, 1-bath units, the property sits on a uniquely steep, elevated lot that unlocks dramatic, panoramic ocean views—a vantage point few neighboring homes can match. For buyers with vision, preliminary plans by renowned architect Louie Tomaro are included, providing a head start on creating a world-class coastal estate. Design possibilities include a stunning four-level single-family home with an attached luxury ADU studio—perfect as a guest retreat, private office, or income-producing rental. The existing two-car garage and upgraded infrastructure further enhance the property’s long-term value. Surrounded by vibrant dining, boutique shopping, and beachside nightlife, this property is equally compelling as a development opportunity today or a strategic buy-and-hold investment in one of Manhattan Beach’s most coveted neighborhoods.

Nearby schools

9/10
Grand View Elementary School
Public,K-50.3mi
9/10
Opal Robinson Elementary School
Public,K-51.5mi
10/10
Hermosa View Elementary School
Public,K-32.4mi
9/10
Manhattan Beach Middle School
Public,6-82.0mi
8/10
Hermosa Valley Elementary School
Public,4-82.4mi
9/10
Mira Costa High School
Public,9-122.3mi

Price History

Date
Event
Price
09/16/25
Listing
$3,550,000
01/06/16
Sold
$2,700,000
11/25/15
Sold
$2,700,000
Condition Rating
Poor

Built in 1938, the property's interior, particularly the kitchens and bathrooms, are severely outdated. Both kitchens feature tiled countertops, old white appliances (including a portable dishwasher), and dated checkerboard vinyl flooring. The bathrooms have pedestal sinks, old vanities, and basic strip lighting, all indicative of renovations 30-50+ years ago, or minimal updates to original features. While the listing mentions 'upgraded units,' the visual evidence suggests these upgrades were superficial or very old, not bringing the property to modern standards. The property is explicitly marketed as a 'development opportunity' with architectural plans for a new build, implying the current structure requires substantial rehabilitation or is a tear-down candidate, rather than being a desirable, move-in ready home.
Pros & Cons

Pros

Prime Coastal Location: Located just steps from the sand in highly desirable North Manhattan Beach, offering unparalleled access to the beach and vibrant local amenities.
Exceptional Panoramic Ocean Views: Positioned on a uniquely steep, elevated lot, providing dramatic and rare panoramic ocean views that few neighboring homes can match.
Significant Development Potential: Includes preliminary architectural plans by renowned architect Louie Tomaro for a luxury four-level single-family home with an attached ADU, offering substantial future upside.
Income-Generating Asset: Currently configured as an upgraded duplex with two 2-bedroom, 1-bath units, providing immediate rental income or flexible living arrangements during planning phases.
Coveted Neighborhood & Amenities: Situated in one of Manhattan Beach's most sought-after neighborhoods, surrounded by vibrant dining, boutique shopping, and beachside nightlife.

Cons

Substantial Redevelopment Costs: Realizing the property's full potential as a 'world-class coastal estate' will require significant additional investment for demolition and new construction beyond the high purchase price.
Complex Construction on Steep Lot: The 'uniquely steep, elevated lot' that affords the dramatic views may also present complex and potentially costly engineering and construction challenges for a new build.
Age of Existing Structure: Built in 1938, the existing duplex, despite upgrades, is an older property, which may entail higher maintenance or renovation costs if the buyer chooses not to redevelop immediately.

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